Project Report For
CMEGP Loan Chhattisgarh
CMEGP loan Chhattisgarh objective is to create job opportunities in rural and urban parts of the state and to continuously and sustainably employ a significant portion of traditional and future artisans, rural and urban jobless youth, throughout the state.
Self Employment Scheme Chhattisgarh
Self-Employment Scheme Chhattisgarh: Unemployed youth can set up their own industry through the Mukhyamantri Yuva Swarozgar Yojana. Under the Mukhyamantri Yuva Swarozgar Yojana (MMYSY), applications are being taken from the youth for the financial year 2020-21 to start industries, services, and businesses to make them economically self-reliant by establishing self-enterprises. Under this scheme, a positive environment has to be created by increasing employment opportunities in urban and rural areas.
In accordance with this program, banks and other financial institutions will lend money to qualified young people for service, commercial, and building projects up to the following limits: Manufacturing Businesses: Up to Rs. 25.00 Lakhs in Project Cost Projects in the service sector may cost up to Rs. 10,00,000. Business – Project expense of Rs. 2,000,000. Only 20% of the proposed fixed capital expenditure will be permitted under the head building, and the cost of the land will not be included in the project cost.
Benefits Of CMEGP Loan Chhattisgarh
- For the Mukhyamantri Yuva Swarojgar Yojana, the entrepreneur will receive a week of training in entrepreneurship development after the loan is approved but before it is disbursed. The cost of the training will be covered by the state government.
- The Mukhyamantri Yuva Swarojgar Yojana will be implemented by the District Trade and Industries Center at the district level and the Directorate of Industries at the state level.
- To aid in the setup of the project, project profiles will be made freely available at the District Trade and Industry Centers.
- The District Trade and Industries Centers will establish a Self-Employment Cell, which the Director/Directorate of Industries will periodically examine.
Objective Of CMEGP Loan Chhattisgarh
To offer all necessary assistance and support to first-generation business owners starting Micro Enterprises, teach them how to develop new ideas, plan ahead, and write project proposals, and assist them in obtaining loans or financial aid through various loan programs from Nationalized/Commercial banks and Regional Rural Banks so they can go into business for themselves and create new job opportunities. Based on variables including population, unemployment, resource availability, upcoming technology, and district backwardness, the aim would be distributed.